Question
Non-Profit/Government Accounting Please list the name of the fund(s) in which each of the following transactions or events would be recorded. (1) $200,000 was appropriated,
Non-Profit/Government Accounting
Please list the name of the fund(s) in which each of the following transactions or events would be recorded.
(1) $200,000 was appropriated, to be advanced from funds on hand, to finance the establishment of a City Motor Pool for servicing city-owned transportation equipment.
(2) A contribution of $500,000 was received from a private citizen. The use of the income earned on the investment of this sum of money was specifically designated by the donor.
(3) $750,000 of real estate and personal property taxes, which had not been assessed or levied for any specific purpose, were collected by the city.
(4) Interest of $50,000 was paid on the City Hall serial bonds.
(5) Interest of $75,000 was received on the Investment on Mortgage Bonds are set aside for the retirement of the City Hall mortgage bonds.
(6) The City Motor Pool was reimbursed $100,000 for services on the equipment of the fire and police departments.
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